BIC_REGISTRATION_DOCUMENT_2017

COMMENTS ON THE YEAR Investments

PRINCIPAL INVESTMENTS IN 2017

In the Lighter category, we invested to increase capacities and we bought new machines and molds. In the Shaver category, major investments included: increase in production capacities of the Manaus (Brazil) factory; ●

2017 Capex were 185.6 million euros. In the Stationery category, major investments included: Finalization of 2 new buildings in Samer (France); ● Finalization of building extension in Bizerte (Tunisia); ● Acquisition of land and building of a new factory in India; ● Capacity increase for pencils in the Evolution® range in two ● production sites: Samer (France) and Manaus (Brazil); Additional production capacity for BIC MATIC Mechanical Pencils ● in Mexico (Mexico).

increase worldwide blades' capacity; ● investments related to New Products; ● transfer and capacity increase in Saltillo (Mexico) ●

PRINCIPAL INVESTMENTS IN PROGRESS: GEOGRAPHIC DISTRIBUTION AND FINANCING METHODS

Not applicable.

PRINCIPAL FUTURE INVESTMENTS

Not applicable.

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BIC GROUP - 2017 REGISTRATION DOCUMENT